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Jan 27, 2025 | 
businessday.ng | Wasiu Alli |Wasiu Ali |Favour Okpale |Eniola Olatunji
Adapalm Nigeria Limited was founded in 1975 by the old East Central State. It was transferred to the Imo State government after the splitting of the East Central State in 1976. It sits on 4,300 hectares of land in Ohaji/Egbema Local Government Area and once employed nearly 1,000 workers. However, the company began to struggle when the Imo State government indigenised it in 1987. Tribalism crept in and palm oil production fell.
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Jan 18, 2025 | 
businessday.ng | Favour Okpale
Said Alkali, Minister of Transportation, has presented the proposed 2025 fiscal budget of N225,744,028,687 billion before the Joint Committees of the Senate and the House of Representatives on Land Transport. The budget, presented at the National Assembly in Abuja, outlines key infrastructure projects aimed at advancing Nigeria’s Integrated Infrastructure Master Plan.
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Jan 17, 2025 | 
businessday.ng | Favour Okpale
The National Pension Commission (PenCom) has issued a new directive mandating the provision of the Bank Verification Number (BVN) for Retirement Savings Account (RSA) registration and data recapture. The directive, outlined in a circular dated January 9, 2025, and signed by A.M. Saleem, Head of the Surveillance Department, is set to take effect from February 1, 2025.
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Jan 17, 2025 | 
businessday.ng | Favour Okpale
…to lease 25 aircraft to African airlinesThe African Export-Import Bank (Afreximbank) has pledged to support aircraft financing for Nigerian airlines. The agreement was reached during a productive side meeting at the ongoing Aviation Economic Conference in Dublin, Ireland. The leading development financing institution, announced plans to launch a leasing subsidiary that will soon deliver 25 aircraft for lease to African airlines.
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Jan 16, 2025 | 
businessday.ng | Favour Okpale
.unveils 2025 modernisation plansThe Federal Airports Authority of Nigeria (FAAN) has said that the rehabilitation of runways across the country’s airports will cost the federal government N580 billion. This was disclosed by Olubunmi Kuku, managing director, FAAN, during a tour of the facilities at Murtala Muhammed International Airport (MMIA), Lagos, by Ibrahim Kana, the newly redeployed permanent secretary of the Ministry of Aviation and Aerospace Development.
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Jan 16, 2025 | 
businessday.ng | Favour Okpale
… unveils 2025 modernisation plansThe Federal Airports Authority of Nigeria (FAAN) has said that the rehabilitation of runways across the country’s airports will cost the federal government N580 billion. This was disclosed by Olubunmi Kuku, Managing Director, FAAN during a tour of the Murtala Muhammed International Airport (MMIA), Lagos facilities by Ibrahim Kana, the newly redeployed Permanent Secretary of the Ministry of Aviation and Aerospace Development.
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Jan 16, 2025 | 
businessday.ng | Favour Okpale
Festus Keyamo, minister of Aviation and Aerospace Development, has unveiled plans to modernise the country’s aviation infrastructure and attract international investment. Speaking at the Airline Economics Growth Frontiers Global conference in Dublin, Ireland, the minister said that Nigeria was taking bold steps to position itself as a leading player in the global aviation sector.
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Jan 16, 2025 | 
businessday.ng | Favour Okpale
… to ensure the ministry’s Sustainability, growthAdegboyega Oyetola, Minister of Marine and Blue Economy, has urged agencies under the ministry to align their 2025 budget proposals with the pillars of the National Policy on Marine and Blue Economy and the 2021-2025 National Development Plan. The Minister emphasized the need for transparency, fiscal prudence, and strategic prioritization to ensure impactful and sustainable development in the sector.
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Jan 15, 2025 | 
businessday.ng | Favour Okpale
The Nigeria Civil Aviation Authority (NCAA) has disclosed that Chiamaka Don Ubani, the passenger involved in the recent Ibom Air incident, has been charged to court by the Nigeria police. The charges stem from her actions that disrupted the departure of flight Q1528 from Uyo to Abuja on Wednesday, January 8, 2025. Michael Achimugu, director of Public Affairs and Consumer Protection at NCAA, in a post on his X handle, said that Ubani faces two counts.
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Jan 13, 2025 | 
businessday.ng | Favour Okpale
The Nigeria Union of Pensioners (NUP) has commended the federal government’s efforts to improve the welfare of retirees across the country. In a statement signed by Godwin Abumisi, its national president, the union described the administration’s recent reforms as unprecedented steps toward alleviating the economic challenges faced by pensioners under the Defined Benefit Scheme (DBS).
